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BRIEF-Electrovaya signs LOI for residential energy storage battery modules

Published 2016-06-15, 10:55 a/m
© Reuters.  BRIEF-Electrovaya signs LOI for residential energy storage battery modules

June 15 (Reuters) - Electrovaya Inc:
* Signed a letter of intent with a global original equipment
manufacturer for delivery of battery modules for residential
energy storage
* High volume deliveries are scheduled to start in early Q1
CY2017 with smaller quantities with delivery in CY2016
* Demand for co's battery modules by OEM, estimated to be up
to Euro 199 million over a period of 3 years

Source text for Eikon: ID:nGNXVFFTIa
Further company coverage: EFL.TO

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